Despite the pandemic, 2020 was a busy year on the growth front for Monte Nido & Affiliates. Last year alone, the private equity-backed eating disorder treatment provider added five new residential treatment sites and acquired an inpatient facility, while also entering multiple new states. Headquartered in Miami, Florida, Monte Nido & Affiliates has more than […]
Community Medical Services opens locations in Arizona, Wisconsin Scottsdale, Arizona-based Community Medical Services, which operates medication-assisted treatment (MAT) clinics in several states, has opened two new opioid treatment programs (OTPs), one in Phoenix, Arizona, and one in South Milwaukee, Wisconsin. The South Milwaukee location opened in October, and the Phoenix facility opened earlier this month. […]
The state of Oregon is in the middle of a massive transformation in how it handles people caught with small amounts of illegal drugs like heroin, meth or cocaine. Instead of being arrested, people will have the option to get free treatment. The rule change could inspire other states to follow suit, opening the door […]
Transactions and international expansion could be in the future for Talkspace. The subscription-based therapy provider previewed multiple potential growth levers for the company recently during an investor presentation. Based in New York City, Talkspace remotely connects users to licensed therapists via text and video. The company provides services directly to consumers, as well as to […]
Talkspace is going public through a merger with the special purpose acquisition company (SPAC) Hudson Executive Investment Corporation (HEIC). The subscription-based therapy provider announced the $1.4 billion deal Wednesday. Headquartered in New York City, Talkspace aims to help more people access behavioral health care by remotely connecting users to licensed therapists through text and video […]
NeuroFlow — a digital health company designed to improve collaborative care — has raised $20 million in Series B financing. Magellan Health (Nasdaq: MGLN) — a managed care organization (MCO) and provider of behavioral health services — led the funding round. The technology platform provider plans to use the new funding to scale its operations […]
Hopebridge Autism Therapy Centers has announced plans to add more than 2,700 new employees and open up to 20 new locations in 2021. Headquartered in Indianapolis and backed by the private equity firm Arsenal Capital Partners, Hopebridge is one of the nation’s largest autism treatment organizations. It provides center-based applied behavior analysis (ABA), diagnostics, occupational […]
Monument — an online treatment platform for alcohol use disorder (AUD) — has closed on $10.3 million in Series A funding. It brings the startup’s total funding raised up to $17.8 million. Based in New York, Monument connects users to a free anonymous community, therapist-moderated groups and other resources to help them change their relationship […]
Discovery Behavioral Health acquires Prosperity Wellness Center Discovery Behavioral Health — PE-backed network of behavioral health centers — has acquired Prosperity Wellness Center — a 40-bed residential SUD treatment facility in Tacoma, Washington. Financial terms of the transaction were not announced. Headquartered in Orange County, California, Discovery is a portfolio company of Webster Equity Partners. […]
Pinnacle Treatment Centers expands in Ohio Pinnacle Treatment Centers has opened a new opioid treatment program (OTP) in Sandusky, Ohio. The addition marks the provider’s 15th location in the state. Headquartered in New Jersey, Pinnacle provides the full range of medication-assisted treatment (MAT) services. It has more than 115 locations across eight states and specializes […]
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